What is hard money vs soft money?
Likewise, people ask, what is an example of hard money?
Hard money may refer to: Hard money (policy), currency backed by specie (as opposed to fiat currency) "Hard money" donations to candidates for political office (tightly regulated, as opposed to unregulated "soft money")
Similarly, what means hard money? A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies.
Subsequently, one may also ask, what is a Soft Money Loan?
By definition, a soft money loan is a more traditional loan with a below-market interest rate. This type of loan has longer repayment periods and interest holidays. A car loan would be a good example of a soft money loan.
Why is soft money illegal?
Soft money raised from 1993 to 2002 First, it prohibited national political party committees from soliciting or spending any soft money and prohibited state and local party committees from using soft money for activities that affect federal elections.